https://assets.capyfin.com/instruments/678fdc13234e27009c5d589b.png avatar
Henry Schein
🇺🇸 NASDAQ:HSIC
View Company
OverviewEarningsDividends
•
Sep 25, 2021

Henry Schein Q3 2021 Earnings Report

Henry Schein reported record financial results for Q3 2021, driven by strong execution and patient traffic.

Key Takeaways

Henry Schein reported record third-quarter financial results with net sales of $3.2 billion, up 11.9% year-over-year. GAAP diluted EPS was $1.15, compared to $0.99 in the prior year, and non-GAAP diluted EPS was $1.10, compared to $1.03 in the prior year. The company increased its 2021 non-GAAP diluted EPS guidance to a range of $4.27 to $4.35 and introduced preliminary guidance for 2022.

Total net sales reached $3.2 billion, reflecting an 11.9% increase compared to the previous year.

GAAP diluted EPS from continuing operations was reported at $1.15, an increase from $0.99 in the prior year.

Non-GAAP diluted EPS from continuing operations was $1.10, up from $1.03 in the previous year.

The company increased its 2021 guidance for non-GAAP diluted EPS from continuing operations to between $4.27 and $4.35.

Total Revenue
$3.18B
Previous year: $2.84B
+11.9%
EPS
$1.1
Previous year: $1.03
+6.8%
Gross Profit
$912M
Previous year: $754M
+20.9%
Cash and Equivalents
$119M
Previous year: $533M
-77.7%
Total Assets
$8.42B
Previous year: $7.81B
+7.8%

Henry Schein

Henry Schein

Henry Schein Revenue by Segment

Henry Schein Revenue by Geographic Location

Forward Guidance

Henry Schein provided financial guidance for 2021 and preliminary guidance for 2022 non-GAAP diluted EPS from continuing operations, with growth expected in the mid to high single digits for 2022.

Positive Outlook

  • 2021 non-GAAP diluted EPS from continuing operations is expected to be $4.27 to $4.35.
  • The EPS guidance reflects growth of 44% to 46% compared with 2020.
  • The 2022 non-GAAP diluted EPS from continuing operations is expected to grow in the mid to high single digits over 2021.
  • The guidance includes current continuing operations.
  • The guidance includes completed or previously announced acquisitions.

Challenges Ahead

  • The company is not providing guidance for 2021 GAAP diluted EPS from continuing operations.
  • The company is not providing guidance for 2022 GAAP diluted EPS from continuing operations.
  • Guidance does not include the impact of future share repurchases.
  • Guidance does not include potential future acquisitions, if any.
  • Guidance does not include restructuring expenses.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Henry Schein